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Showing 1141 - 1150 of 4123 results for "Nov"

NSW budget boosts TCorp loans

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
TCorp has unveiled its new funding program that will increase client loans in line with the New South Wales government's record spend on infrastructure. In FY21, TCorp's funding program consists of $32 billion of new client loans. Maturities for the ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
A former financial adviser has pleaded guilty to misappropriating $2.9 million of client funds by transferring the money to his own accounts for personal use. Ross Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty ...

Successor fund transfer finalised

ELIZABETH MCARTHUR  |  TUESDAY, 17 NOV 2020
A $65 billion industry fund is now home to the members of a corporate super plan after a successor fund transfer, which had been delayed, was completed. The IAG & NRMA Superannuation Plan first announced it would merge with Sunsuper in February 2019. ...

Fidelity launches one-stop-shop platform

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
Fidelity Investments has launched a one-stop-shop wealth management platform that helps investment advisers streamline the advice and portfolio construction process. Fidelity Managed Account Xchange (FMAX), which launched on November 16 in the US, allows ...

Industry fund slashes admin fees

KARREN VERGARA  |  MONDAY, 16 NOV 2020
A $13 billion superannuation fund has slashed its administration fees by a third. LGIAsuper members will pay less administration fees - from $1.50 per week or $78 per year to $1 a week or $52 per year starting this month. LGIAsuper chief executive Kate ...

Vatican shakes up financial management

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
By orders of the Pope, the Vatican has a new financial manager. Pope Francis declared that the administrative management of the Vatican's funds should be transferred from the Secretariat of State to the Administration of the Patrimony of the Apostolic ...

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
Former Financial Circle director Joshua Fuoco has been charged with managing a corporation whilst disqualified. Melbourne-based Fuoco was charged with four offences following an ASIC investigation. He was charged with three counts of managing a corporation ...

Australians drain $35bn from super

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
Around $35 billion has been removed from Australians retirement savings as the governments' early release of super (ERS) scheme edges towards its close. Having opened in April this year in response to the immediate effects of the COVID-19 lockdown ...

Chief economist update: Japan's third wave

BENJAMIN ONG  |  MONDAY, 16 NOV 2020
More infections equals more monetary policy easing and more fiscal spending. Like the Fed and the European Central Bank, the Bank of Japan (BOJ) also kept monetary policy unchanged - target rate at -0.1% and target for the 10-year Japanese government ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
A slew of regulation recommended by the Hayne Royal Commission to tighten the reigns in the superannuation industry will come into force with the introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne ...